The PBOC's version would offer protection of up to 500,000 yuan per person per bank.

人民银行对用户在每家银行的存款提供最高赔偿50万元的计划。

To soften the blow, the People's Bank of China (pboc) duly lowered interest rates, as other central banks would do.

为了减轻打击，中国人民银行（PBOC）像其他央行一样适时降低了利率。

According to CNBC, distribution of the digital currency will take place using a two-tier system that transfers e-CNY from the PBOC to commercial banks.

据 CNBC 称，数字货币的发行将采用双层系统，将电子人民币从中国人民银行转移到商业银行。

The PBOC started to put the package into action by lowering the one-year medium-term lending facility rate, a policy rate, by 30 basis points to 2 percent on Wednesday.

25日，中国人民银行将中期借贷便利利率下调30个基点至2%，开始推动一揽子政策落地实施。

The move is expected to increase loan issuances for affordable rental housing projects and aims to further improve the country's housing support system, the PBOC said.

央行表示，此举将增加对保障性租赁住房项目的贷款发放，旨在进一步完善我国的住房保障体系。

Although the pboc is making the transition to a new set of levers and dials, it still seems to lack confidence in interest rates as a stabilisation tool.

尽管中国央行正在转向一套新的杠杆和旋钮，但它似乎仍然对利率作为稳定工具缺乏信心。

Li Daokui, he’s a former advisor to the PBOC, he expects minimal spill over to the financial system, and that’s because there aren’t derivative instruments built on the

李稻奎，他是中国人民银行的前顾问， 他预计对金融体系的溢出效应最小，这是因为没有建立在金融体系之上的衍生工具。

He added that the PBOC, together with the National Development and Reform Commission, the Ministry of Transport, the Ministry of Commerce and the Ministry of Culture and Tourism, will establish a cross-departmental collaboration mechanism to implement the guideline.

他补充道，中国人民银行将会同国家发展改革委、交通运输部、商务部、文化和旅游部建立跨部门协作机制，落实好《意见》。

And no, the digital yuan isn't a cryptocurrency — it was developed by the People's Bank of China (PBOC) to replace banknotes and coins; thus, it isn't a decentralized form of payment, nor will it operate on the blockchain.

当然，数字人民币不是一种密码货币——它是由中国人民银行（PBOC）开发的，以取代纸币和硬币；因此，它不是一种分散的支付形式，也不会在区块链上运行。

The pboc used to rely on loan quotas, money-supply targets and jawboning to make its monetary policy work; the bank's former governor would say his benchmark for policy rates was the economy's underlying " potential" growth rate.

中国人民银行过去依靠贷款配额、货币供应目标和口头劝说来使货币政策发挥作用。该银行前行长会说，他的政策利率基准是经济的潜在“潜在”增长率。